Dolphin Drilling has given chief executive Ivar Brandvold and chief financial officer Hjalmar Krogseth Moe their marching orders as part of the ongoing restructuring of the financially troubled driller.
Creditors seized control of the company’s main rig assets through a financial restructuring deal last month, and appointed former Songa Offshore chief executive Bjornar Iversen to head up a new company that will continue Dolphin’s drilling operations.
